You can only layoff so many and cut so many costs. This is not a business plan. It is what bad management does when they can't increase revenues. This is why every BNY employee has had multiple CEOs at business levels as well as the top. Do any... — read more 

Anyone in legal receive bonus or raise numbers yet?

I think it's just a matter of time before we also hear about even more cuts.

First up, Asia colleagues, let us know how it goes!!

Do we really have to wait until BNY decides to send us some documentation via mail or is there anything we can do beforehand?

I am hearing changes have been made in Oracle to reduce people’s bonus and comp for staff. It’s a joke to read the “managers have to own the conversation” and can’t say that’s the decision was made by someone else. God help us all in BNYM. This is a... — read more 

My manager said the range was 0.0% to 1.5% which is almost unimaginable in this economy. Is that company wide or just my department?

In recent days we have learned… employees have never heard of MyReward. employees with direct deposit believe that their personal bank has their paystub employees don’t know how to see and/or save their paycheck employees don’t know... — read more 

I am disappointed with my pay, especially when I consider how much experience I have and how overworked I am. I've been here for a long time and my responsibilities and overload have grown much more than the pay. If you feel comfortable to share, I... — read more 

So if you opt into the ESPP plan and you look at your pay stub they treat the 5% discount as additional income. Then I guess you have to pay capital gains on the stock if you sell it immediately, then Fidelity charges $15 plus 2 cents a share to... — read more 

i see a lot of linkedin posts from s-b storied, entitled people crying about them getting fired. boohoo no more free lunches or 200k salaries along with free laundry service. the people fired from lesser known companies should get awareness as well. — read more 

I can't be mad at BNY Mellon for making such a bad decision, it's my own fault. I believed in many false promises over the years. My former colleagues who left this place made fantastic careers at their new companies. Do you too sometimes wonder... — read more 

https://www.post-gazette.com/business/career-workplace/2023/01/30/bny-mellon-401k-overhaul-retirement-employees-matching-accounts/stories/202301290054

OK gang - for those whose last day as and active employee was Jan 27 - today, January 30th is the first day eligible for filing for unemployment. Let's share experiences and what we are seeing and doing, in that it potentially affects sub-pay. .. — read more 

The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more 

be careful whom you share that with. Technically, you are to receive your SUB ONLY while eligible for unemployment. Not looking for a job? Then you are not eligible for unemployment and therefore no SUB payment either. I've no idea how strict the... — read more 

Promotions… Is there a significant increase going from a L (vp) to M (Dir). Is the bonus structure any different? I hear it’s a difficult process to be promoted between these levels.

What is the merit increases this year bank wide?

Hello, 1st year with the Bank and operate fairly siloed from my manager. When will bonuses be available to view on MyReward? I believe they are paid in February but have no idea what to expect or any details at this point. Thanks in advance for... — read more 

I've been with the first since 2010 and we've had 5 different CEOs. In my current role, I've had a different senior leader every 6-9 months. What happens is many of these senior leaders try to solve problems that don't exist and in turn they create... — read more 

If the leadership wants good results and a high level of growth, then what they are doing will certainly not accomplish any of that. In fact, the question is whether they want it at all... BNY Mellon is stuck in the past. Layoffs made the already... — read more 

What's XBK? See it in the news a lot today.

Heard Feb 8th. Anyone else heard of anything?

Just listened to Robin shilling on CNBC from Davos. The company has kindly put this on the website. In the interview, he discusses the necessity of layoffs given the expenses increase the last two years, where layoffs were resisted because of the... — read more 

Regardless of what anyone thinks is ethical or not, all of us here are just numbers on a spreadsheet. Unfortunately, for BNYM, no one is special and irreplaceable. Why is it so hard for people to accept that? It sounds harsh, but I think that the... — read more 

BNY is looking to suck every penny out of Custody business. Well said ! The good question is how long we can let these Zombie companies run their operations in Corporate America and US economy ? Is the Fed not Fed up ?

We're all tired of the way this company treats us. Nobody here cares about employees. No wonder they can't find anyone who will work here to backfill much-needed positions. Everyone knows by now how terrible BNY Mellon is and is staying as far away... — read more 

HI all. For those who left a week ago now....has anyone tried to login to the TMS portal? The place we will (in the future) make our bi-weekly attestations? I just tried to login using my employee ID and home zip as the instructions state and I am... — read more 

Boy are we getting screwed left and right. If you live in NJ but work in NY you have to file with NY unemployment. Maximum weekly pay in NY is $504 while max in NJ is $804 You pay all this money for "new york city" tax and you get almost $200/week... — read more 

Does anyone know if this is published anywhere internally?

Those who left mostly say that at their new jobs they face more or less the same issues as they did here, but they are paid better. They left BNY Mellon when they realized that things could only get worse here. Is it really possible that no one... — read more 

Any thoughts on how long before we can "look forward" to another round of layoffs?

Look at ASD - all the main product heads are Irish. Operations has(had) its fair share of people either based in Ireland or came from Ireland. I'm not complaining about this, but it's such a crazy coincidence. What made IRELAND of all places the... — read more